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How Credit Unions Can Make the Most of 2022’s Uncertain Market

Despite economic unsteadiness, CUs’ unique position in the intersection of finance and consumers allows them to offer stability.

By Rutger van Faassen | August 22, 2022 at 09:00 AM
Questions remain about the economic outlook visualized with question marks on top of a $100 bill.. Source: Shutterstock.

Not a day goes by without a new wrinkle being added to the furrowed brow of 2022’s market outlook. Even as the U.S. job market remains strong and employers strive to match wages with the rising cost of living as well as meet demands caused by the Great Resignation, daily headlines bearing new dimensions of uncertainty have left consumers and financial institutions equally rattled.

The problem – if it can even be referred to as a single problem and not an all-consuming swirl of snags – is pervasive. Whether it is inflation hitting a four-decade high of 9.1%, the continual upward creep of interest rates, compounding supply chain woes or the fierce chill being felt in the crypto market, members do not have to squint too closely to spot volatility.

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